United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

New Zealand's 'wellness' budget explained

Video Credit: Reuters - Business (Amazon FireT - Duration: 01:24s - Published < > Embed
New Zealand's 'wellness' budget explained

New Zealand's 'wellness' budget explained

New Zealand's Labour government unveiled its hotly anticipated 'wellness' budget on Thursday, that it says go beyond GDP to measure the country's success.

Michelle Hennessy reports.

0
shares
ShareTweetSavePostSend
 

New Zealand's 'wellness' budget explained

New Zealand unveiled its hotly anticipated "wellbeing" budget on Thursday (May 30) that it says looks beyond GDP as a measure of success, and pegs government spending to the country's wellness priorities.

SOUNDBITE (English) NEW ZEALAND FINANCE MINISTER GRANT ROBERTSON SAYING: "I am proud to be part of a government that is doing things differently." The 2.5 billion dollar budget priorities issues like mental health and child poverty with each of those seeing a billion dollar funding boost.

Education and infrastructure projects are also earmarked for a raise.

The so-called wellness approach is peaking interest worldwide.

Prime Minister Jacinda Ardern is saying it shows governments can be both responsible and kind.

With the country's finance minister saying it'll lead to just slight rise in the country's debt.

But despite the frenzy overseas, back home, some were expecting more from a prime minister, who came to power promising to transform the economy.

And as the country gears up for a 2020 election, a core part of Labour's left wing voters aren't seeing this as a milestone.

As recently as this week, tens of thousands of teachers staged the country's largest strike.

Doctors and nurses are also threatening industrial action over pay and hours.

With one economist telling Reuters the long term aspirations in the budgetmay not withstand the pressure of a short-term political world.




You Might Like


Recent related videos from verified sources

Wacky, Windblown Trees Grow Sideways on New Zealand's Southernmost Point [Video]Wacky, Windblown Trees Grow Sideways on New Zealand's Southernmost Point

The warped trees call Slope Point home, a remote spot on the southernmost part of New Zealand's South Island, where intense Antarctic winds relentlessly pummel the area after traveling 2,000 miles..

Credit: AmazeLab     Duration: 01:01Published

New Zealand gas explosion injures several people [Video]New Zealand gas explosion injures several people

New Zealand emergency services evacuated residents near what they said was a suspected gas explosion in the South Island city of Christchurch on Friday (July 19) that left a house on fire and several..

Credit: Rumble     Duration: 00:50Published

New Zealand wary of Pumas best chance for first win over All Blacks [Video]New Zealand wary of Pumas best chance for first win over All Blacks

All Blacks coach Steve Hansen says Argentina look confident as they hope to beat New Zealand for the first time.

Credit: Reuters - Sports     Duration: 01:28Published

Australia can surprise everyone at Rugby World Cup says McCaw [Video]Australia can surprise everyone at Rugby World Cup says McCaw

Former New Zealand captain Richie McCaw says Australia could surprise again at the Rugby World Cup.

Credit: Reuters - Sports     Duration: 01:21Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.